QUESTION IMAGE
Question
individuals put limits on their own economic freedom by
complying with the law.
deciding to learn new job skills.
competing with others.
making personal economic choices.
question 20
one of the factors that directly limits the economic freedom of individuals in a private enterprise system is government
indecision.
taxation.
services.
production.
Brief Explanations
- First question:
- Complying with the law is an external constraint that limits economic freedom.
- Learning new job skills, competing, and making personal choices are actions that can enhance or are part of economic freedom rather than limit it.
- Second question:
- Taxation is a direct government action that takes away a portion of an individual's economic resources (income, profit etc.), thus limiting economic freedom.
- Government indecision is not a common direct limiter. Services are often provided to support the economy. Production is an economic activity itself.
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Explore more problems and detailed explanations
- First question: complying with the law.
- Second question: taxation.